Needham analyst Charles Shi raised the firm’s price target on Cohu (COHU) to $33 from $30 and keeps a Buy rating on the shares. The company reported Q4 revenue in-line with guidance, but with non-GAAP gross margins well below guidance due to a one-time inventory charge, the analyst tells investors in a research note. Test cell utilization rate in the quarter picked up 150bps, reaching 76%, Needham adds.
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Read More on COHU:
- Cohu price target lowered to $33 from $35 at B. Riley
- Cohu: Buy Rating Reaffirmed on Improving Utilization, Margin Rebound, and New Data Center Wins
- Cohu: Improving Fundamentals, Growing AI Data Center Exposure, and Recurring Revenue Support Multi‑Year Buy Thesis
- Cohu reports Q4 EPS (15c), consensus 6c
- Cohu sees Q1 revenue $115M-$129M, consensus $120.1M